Oswal Agro Mills Limited has informed the Exchange regarding Outcome of Board Meeting held on August 08, 2025.
OSWALAGRO · price
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Oswal Agro Mills' board, meeting on August 8, 2025, appointed Mehta Chokshi & Shah LLP as the new Statutory Auditor to fill a casual vacancy caused by the resignation of the previous auditor, M/s. Oswal Sunil & Company. The board also appointed Siddharth S. Kothari & Co. as Internal Auditors for FY 2025-26 and Jay Mehta & Associates as Secretarial Auditors for a five-year term (FY 2025-26 to FY 2029-30). Additionally, three new Independent Directors — Mr. Gulshan Chamanlal Vohra, Mr. Swapneel Vinod Patel, and Ms. Larly Nitin Bahl — were appointed as Additional Directors for an initial 5-year term starting August 13, 2025, subject to shareholder approval. All appointments await shareholder ratification at the upcoming Annual General Meeting.
The mid-term change of statutory auditor (replacing the predecessor firm via casual vacancy) may raise minor governance questions, though the new firm is a well-established practice with 90+ professionals. Adding three independent directors strengthens the board's independent oversight, which is broadly positive for governance.